NEW ECONOMY TERMS

Many concepts, terms and definitions described on this site are new to many. With new ways of doing things comes new language to express them. This is the LEARN section of the site to support and facilitate the education in regard to what is already taking place in the world as it relates to the developing New Economy.

SHOWCASING A NEW ECONOMY NETWORK

WikiHouse is an open source building system. Many designers, collaborating to make it simple for everyone to design, print and assemble beautiful, low-energy homes, customized to their needs.

OPEN INFRASTRUCTURE

OPEN SOURCE NETWORK

NEW ECONOMY GLOSSARY

B

Blue Print DNA

A privately stored inventory of personal data that members own and control.Data is used to match individuals and communities to resources and social impact business projects.

C

CACOON

CACOON: “The Creative Action Center of Online Open Source Networks” A Community Building Network that connects individuals who have similar visions of social change.

Members form collaborative communities and share their talents, skills and resources to support the development of social impact businesses locally and globally.

Community Cooperative

A cooperative of 144 to 144,000 CACOON members who collectively pool together their resources of talents, skills, volunteer hours, money and community credits to support each other and the development of social impact businesses in local communities.

Community Resource Tree

A member licensed open source software application.The CRT is an accelerated innovation, sharing and exchange operating system. It’s designed to support the development and expansion of sharing economy and social impact business networks.

Community Credits

An electronic reward point system used for education and supplementing the purchasing of goods and services within the CACOON community. The Community Credits allow individuals to earn credits by their participation in the Community Build Program.

Community Credits Program

When members share and exchange via the community build programs they will acquire points that can be used to supplement the purchasing, exchanging or sharing of items within the CRT. The community credits program is an educational program that teaches members how to a sustainably and efficiently manage their resources.

Community Co-Operative Program

A community learning system that allows CACOON members to form in various groups in order to share resources and solve social issues and problems through project development. We have designed a way for members to create small communities to collaborate and cooperate and support each other.

Community Crowd Funding

The funding of social impact businesses by communty Co-operative communities. Communities pool their resources of currency, shared resources, community credits and volunteer hours to support themselves and other community co-operatives within the CACOON.

Creative Action Centers

The Creative Action Centers are open source community co-operatives that are developed in co-creation with local communities to support their desires and needs. The Action Centers are organized into seven sectors that are designed to integrate as a whole sustained system within the New Economy. Community co-operatives collaborate in the CACOON online platform to form networks within the Action Centers in order share information and collectively solve local and global problems.

I

Innovation- Social Impact

Innovation: A new idea, device or process. Innovation can be viewed as the application of better solutions that meet new requirements, inarticulated needs, or existing market needs. This is accomplished through more effective products, processes, services, technologies, or ideas that are readily available to markets, governments and society. The term innovation can be defined as something original and more effective and, as a consequence, new, that “breaks into” the market or society.

M

Multi Media Design

Multi Media Design: The art of integrating multiple forms of media. It is used in video games, information kiosks, websites and many other interactive applications

N

New Economy

An integrative economic system based on the value of individuals and their talents and skills as the primary driver of resource management. This system will evolve by connecting Social Entrepreneurs to one another and providing ways for them to have access to use value resources in collaborative and cooperative environments.

P

Portal

A Educational Program Center within The CACOON. The portals consist of various community programs for the development and expansion of ideas and collaborations.

S

Showcase Networks

An independent media network that promotes the expansion of creative works of CACOON members by highlighting their process of innovation and inspirations of science, technology, business, art, and social entrepreneurship.

Social Business

A term derived from Professor Muhammud Yunus. These are businesses designed to address a specific social objective. Investors in a social business are returned their initial investments but no surplus profits or percentage from the company. All surplus revenue is recycled back into the business to maintain stability, growth and to provide support for its employees, members and the community.

Social Enterprise

Are social impact driven businesses using surplus revenues to achieve a social purpose. Within this structure surplus revenue can be distributed to the founders, employees and investors of the enterprise. These businesses are designed to give the founders and employees more satisfaction out of their jobs while being active contributors to their local community. The profits (surplus revenue) are used to expand the company’s reach, improve its products/services,invest/develop in social impact businesses that support the economy of local communities.

Social Entrepreneurs

Individuals with innovative solutions to society’s most pressing social problems. They are ambitious and persistent, tackling major social issues and offering new ideas for wide scale change. Their leadership inspires others to tap into their own creative power to deliver results that surpass expectations.

Social Impact

The collective effect that an action taken has on a society’s social, ecological and economic systems.

Social Impact Businesses

These are the new types of business that will lead and direct the transformation of a New Global Economy. We call them Social Enterprise and Social Businesses. These new types of businesses have a primary social impact objective and whose surplus revenues are principally reinvested back into the business and to local communities rather than being driven by the need to maximize profit for shareholders or their founders.

Storehouse Fund

Revenues from CACOON are placed in the Storehouse Fund in order to empower and support social entrepreneurs and their innovations. These funds also support the various Community Programs within the CACOON.

Surplus Revenue

Within the Social Enterprise or Social Business structure all revenues beyond that which has been allocated for the self sufficiency and abundance of the company and its employees or workers is considered to be surplus.

U

Use Value Exchange

A resource exchange system where the value of an exchange is based on the ability of an individual or group to utilize currency, community credits, volunteer hours and the sharing of goods or services in such a way that it will add increase and abundance to their lives.

Use Value Resource

Resources of any kind be that of goods, services, skills, talents or information that an individual or group determines will provide them with an increased quality of life.